After having its first weekly bearish close in six, the Euro ended the week posting an inverted pin bar that is also doubling as an inside bar. It has to be noted a bullish inverted pin bar in a bearish pullback is a failed attempt to rally. However, even though the rally failed, it indicates there is some buying interest off the 1.2920 lows from Thursday.
The wick of the inverted pin bar is near the Thursday highs at 1.3058 so we have an intraday range that needs to be cleared. Intraday players can look for a possible long off the 1.2920 lows while short term bears can short around 1.3058 on weakness. Otherwise, bulls can look for a pullback towards the dynamic support (also Sept. 7th swing highs) at 1.2815 to take a long for a possible resumption of the uptrend.
After rejecting last week off of .8350 forming a pin bar reversal, the pair has mostly consolidated in a pretty clean range between .8223 (last weeks low) and the .8353 highs so nice plays for both bulls and bears until the range clears. It should be noted the pair formed a dueling swords pattern to end last week so a pullback towards the .8223 lows is likely. If the intraday price action looks corrective, I'll look for longs off the weekly lows along with shorts towards the weekly highs should the intraday charts confirm.